Description of the Securities Sample Clauses

Description of the Securities. The statements made in each of the Time of Sale Information and the Prospectus under the captionDescription of Notes”, insofar as they purport to constitute summaries of certain terms of documents referred to therein, constitute accurate summaries of the terms of such documents in all material respects.
Description of the Securities. The Company proposes to issue and sell and the Selling Stockholder proposes to sell to the Underwriters an aggregate of 1,530,000 shares of common stock, $.01 par value per share (the "Common Stock") of the Company, of which 1,500,000 shares are being sold by the Company and 30,000 shares by the Selling Stockholder; and the Company also proposes to sell 2,200,000 redeemable common stock purchase warrants of the Company (the "Warrants" and collectively with the Common Stock, the "Securities") in the amounts set forth on Schedule B hereto. Each Warrant shall entitle the holder to purchase one share of Common Stock for $7.25, subject to adjustment. The Company proposes to grant to the Underwriters (or to the Representative, individually) an option to purchase up to 229,500 additional shares of Common Stock and up to an additional 330,000 Warrants (the "Additional Securities"). The offering of Securities and Additional Securities contemplated hereby may sometimes be referred to as the "Offering."
Description of the Securities. The Securities will conform in all material respects to all statements relating thereto in the Prospectus and the General Disclosure Package and no holder of the Securities will be subject to personal liability for any obligation of the Company by reason of being such a holder. The issuance of the Securities is not subject to any preemptive or similar rights, other than such rights as have been satisfied or duly and validly waived.
Description of the Securities. The Securities are a part of the common ------------------------------ shares of the Company. The Company's authorized capital consists of 75,000,000 common shares without par value, of which 15,875,768 shares were issued and outstanding as of August 20, 2002, and 5,000,000 preferred shares without par value, of which no shares were issued and outstanding as of August 20, 2002. Copies of the constating documents of the Company describing the common securities and the rights of holders and other corporate materials of the Company are available upon request.